Data / Bank failures / 1992 / Greenwood Bank of Bethel, Inc.
Greenwood Bank of Bethel, Inc., Bethel, CT: failed November 6, 1992
Greenwood Bank of Bethel, Inc. in Bethel, Connecticut, failed on November 6, 1992. Union SB of Danbury of Danbury, CT, took over its deposits. It held $33.3 million in assets and $33.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $9.8 million (29.4% of its assets). By assets it was the 144th largest of 181 banks closed or assisted in 1992.
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The FDIC's record
- Closed
- November 6, 1992
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Union SB of Danbury, Danbury, CT
- Total assets
- $33,255,000
- Total deposits
- $33,160,000
- Estimated cost to the FDIC
- $9,775,437 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 27456
Other bank failures in Connecticut, 1990 to 1994
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Meriden Trust and Safe Deposit | Meriden | July 7, 1994 | $3.2 million | People's Savings Bank & Tru | ||
| The Bank of Hartford | Hartford | June 10, 1994 | $321.5 million | $276 million | $13.8 million | Eagle Federal Savings Ba |
| New England Savings Bank | New London | May 21, 1993 | $914.9 million | $720.5 million | $117 million | Citizens Savings Bank |
| Burritt Interfinancial Bancorporation | New Britain | December 4, 1992 | $523.9 million | $506 million | $79 million | Derby Savings Bank |
| First Constitution Bank | New Haven | October 2, 1992 | $1.57 billion | $1.35 billion | $125.6 million | First Federal Bank A FSB |
| Vernon Bank | Vernon | June 26, 1992 | $34.3 million | $34.5 million | $3.1 million | Bank of South Windsor |
| Coastal FSB | New London | June 19, 1992 | $238.2 million | $224.5 million | $5.9 million | |
| Brookfield Bank | Brookfield | May 8, 1992 | $60.7 million | $68.7 million | $41.7 million | Bristol Federal Savings |
All bank failures in 1992 · All bank failures in Connecticut · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.